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Dec 12, 2012
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the central bank in the philippines had a huge negative equity. the central bank can go on positive equity. they have all sorts of tools they can theoretically use other than having to unwind their balance sheet. they can increase reserve ratio, the interest rates they pay on excess reserves, and so on. they have a lot of control. that makes me less worried about the fed's balance sheet. are doing recently. fairly easily. this massive fed undertaking, in almost a desperate way, gets at the underlying problem. issue. it is a fiscal policy issue. we have a lack of leadership. the threat of the tax policy expiring all tax policy, much of which has been in place to over a decade, has been a congressionally made thing. congress refuses to work on it until now. likewise, they have refused to tackle the spending part, both of which get us to our debt. you have this utter lack of anything happening responsibly. we have to have things happening on the budget. the fed is looking to do something on the unemployment issue. we have to have serious steps taken
the central bank in the philippines had a huge negative equity. the central bank can go on positive equity. they have all sorts of tools they can theoretically use other than having to unwind their balance sheet. they can increase reserve ratio, the interest rates they pay on excess reserves, and so on. they have a lot of control. that makes me less worried about the fed's balance sheet. are doing recently. fairly easily. this massive fed undertaking, in almost a desperate way, gets at the...
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Dec 16, 2012
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philippines when air central banks have a huge negative equity. so central banks can go on without necessarily ending a post-positive act. and secondly, they have all sorts of tools that they can theoretically use other than having to unwind their balance sheet. they can increase reserve ratios. they can increase the interest rates they pay on okay says so they have a lot of controls out there which make me less worried about the fed balance sheet. not that i approve of what they were doing recently but i think they can get out of it fairly easily. >> and i would just add that i think the president said this massive fed undertaking you know, in almost a desperate kind of way, gets at the underlying problem. this is not a monetary policy issue. this is a fiscal policy issue and we have an absolute lack of leadership. this threat of the tax policy expiring all tax policy si -- policy is a completely congressional made thing and congress and the president have refused to work on it until now. so, you know, likewise, they have refused to tackle the sp
philippines when air central banks have a huge negative equity. so central banks can go on without necessarily ending a post-positive act. and secondly, they have all sorts of tools that they can theoretically use other than having to unwind their balance sheet. they can increase reserve ratios. they can increase the interest rates they pay on okay says so they have a lot of controls out there which make me less worried about the fed balance sheet. not that i approve of what they were doing...
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Dec 31, 2012
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in the case of columbia, the philippines, yemen, these other places that i am talking about, the governments have invited special operations forces in to help them, to help their country's forces. that is why i think it is such an effective use in the long term. it does not cause the same political diplomatic controversy as many people know what happened after the bin laden rate. it was a huge rupture in relations with pakistan. they had been troubled for well over a year. drone strikes and other things complicating relations. as i described in article, some of the partner special operations activity that had been growing and developing quite a significant footprints in pakistan, it was all caught off as a result of this growing attention and controversy between the two countries. this other paradigm is really something that happens with the consent of that government and the assumption that it causes less friction internally, is something that is sustainable for both countries. host: four years ago you came out with a book on david petraeus and the search for a way out of iraq. a lot of dev
in the case of columbia, the philippines, yemen, these other places that i am talking about, the governments have invited special operations forces in to help them, to help their country's forces. that is why i think it is such an effective use in the long term. it does not cause the same political diplomatic controversy as many people know what happened after the bin laden rate. it was a huge rupture in relations with pakistan. they had been troubled for well over a year. drone strikes and...
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Dec 21, 2012
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i will never forget in the philippines, your efforts on the floor -- you had this amazing ability and sense of purpose in finding common ground and reaching out to people on both sides of the aisle. every member of the committee has joined in presenting new resolution, and i just want to read, just the introduction. to route his 36 years in the united states senate, richard lugar has served indiana and the united states with grace, distinction, and testing, and will have many more contributions to the nation that he reveres. we want to present this to you. [applause] >> thank you. thank you very much. mr. chairman, i thank you very much. i am very grateful to have this opportunity -- to have had the opportunity to serve with each and everyone of you. thank you for this special privilege. >> finally, we are also going to be losing jim webb and jim demint. jim came here and did something that very few freshmen can do a getting a major piece of legislation passed, the new gi bill. on the committee, he has been critical to our thinking about the far east. he was the first american to visi
i will never forget in the philippines, your efforts on the floor -- you had this amazing ability and sense of purpose in finding common ground and reaching out to people on both sides of the aisle. every member of the committee has joined in presenting new resolution, and i just want to read, just the introduction. to route his 36 years in the united states senate, richard lugar has served indiana and the united states with grace, distinction, and testing, and will have many more contributions...
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Dec 19, 2012
12/12
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philippines and expanding our dialogue and -- in exchanges with china. we are also an handed our presence and capabilities in the region. that includes -- expanding our presence and capabilities in the region. that includes allocating our naval fleet to have a 60/40 s plit between the pacific and atlantic oceans, increasing army and marine presence in the region. locating our most advanced aircraft in the pacific, including new deployments of f- 22's and the mv22's to japan. and lay the groundwork for the first overseas deployment of the f-35 joint strike fighter. the third element of our strategy is that as we do force projection in the asia-pacific and middle east, we still have to maintain our global leadership and presence by building innovative partnerships and partner capacity across the globe and using these innovative rotational deployment as a way to do exercises and training with other countries, developing their capabilities so they can provide for their own security. in latin america, africa, europe, and elsewhere. the past decade of war has
philippines and expanding our dialogue and -- in exchanges with china. we are also an handed our presence and capabilities in the region. that includes -- expanding our presence and capabilities in the region. that includes allocating our naval fleet to have a 60/40 s plit between the pacific and atlantic oceans, increasing army and marine presence in the region. locating our most advanced aircraft in the pacific, including new deployments of f- 22's and the mv22's to japan. and lay the...
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Dec 12, 2012
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philippines and he came here to live the american dream. he became a legal citizen, he was so proud of that. he met my mother, they got married, they raised a family, nine kids, now 28 grand kids. god bless my mother who is still alive. he started hits own business. he always gave ba back to his community. and he always believed in making this place he called home a better place for his children and grandchildren to live. and i think if he were alive today, and i'm sure he's looking down from heaven somewhere, he'd be very proud of his oldest son that to my knowledge is the first first-generation filipino american to serve in the united states congress. and i'm proud to be part of the asian american community. this has been a job for the past 14 years, having served in the state legislature for 10 years and now in congress for four years, that i've taken very seriously and i've tried to give it my all, 100%. and as i've dedicated my life to. and i want to thank my family for all the sacrifices that they have made to allow me to be the best
philippines and he came here to live the american dream. he became a legal citizen, he was so proud of that. he met my mother, they got married, they raised a family, nine kids, now 28 grand kids. god bless my mother who is still alive. he started hits own business. he always gave ba back to his community. and he always believed in making this place he called home a better place for his children and grandchildren to live. and i think if he were alive today, and i'm sure he's looking down from...
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Dec 30, 2012
12/12
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in the philippines as a permanent cemetery restored, operated and maintained by the american battle monuments commission. as the american battle monuments commission currently operates and maintains other overseas veteran sem tears it's the most appropriate entity to having the important fantastic of honoring our fallen veterans who have been laid to rest at clark. title 2 of this legislation contains provisions that will enhance our ability to provide for the health care needs of our veterans. it includes a measure, which would direct v.a. in coordination with the department of defense to establish and maintain an open burn pit registry for veterans of iraq and afghanistan who may have been exposed to toxic kimcals and fumes by open burn pits during deployment. many veterans have returned home from combat in iraq and afghanistan with serious questions and grave concerns about the possible long-term health effects of burn pit exposure. it's my hope that by establishing this registry we can provide them the answers and assurances they seek to provide better ways to care for them and
in the philippines as a permanent cemetery restored, operated and maintained by the american battle monuments commission. as the american battle monuments commission currently operates and maintains other overseas veteran sem tears it's the most appropriate entity to having the important fantastic of honoring our fallen veterans who have been laid to rest at clark. title 2 of this legislation contains provisions that will enhance our ability to provide for the health care needs of our veterans....
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Dec 22, 2012
12/12
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philippines and expanding our dialogue in exchanges with china. we are also an handed our presence and capabilities in the region. that includes -- expanding our presence and capabilities in the region. that includes allocating our naval fleet to have a 60/40 split between the pacific and atlantic oceans, increasing army and marine presence in the region. locating our most advanced aircraft in the pacific, including new deployments of f- 22's and the mv22's to japan. and lay the groundwork for the first overseas deployment of the f-35 joint strike fighter. the third element of our strategy is that as we do force projection in the asia-pacific and middle east, we still have to maintain our global leadership and presence by building innovative partnerships and partner capacity across the globe and using these innovative rotational deployment as a way to do exercises and training with other countries, developing their capabilities so they can provide for their own security. in latin america, africa, europe, and elsewhere. the past decade of war has r
philippines and expanding our dialogue in exchanges with china. we are also an handed our presence and capabilities in the region. that includes -- expanding our presence and capabilities in the region. that includes allocating our naval fleet to have a 60/40 split between the pacific and atlantic oceans, increasing army and marine presence in the region. locating our most advanced aircraft in the pacific, including new deployments of f- 22's and the mv22's to japan. and lay the groundwork for...
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Dec 12, 2012
12/12
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when he was in the philippines, the japanese invaded in world war ii. he was captured and put in a prisoner of war camp for three and a half years. he was about to be executed and the americans came and liberated the camp and he along with the other prisoners of war came back to america. frank buckles went back to west virginia where he worked his farm and drove the tractor until he was 107, madam speaker. it was his decision and his life's goal that he would be instrumental in helping build a memorial on the mall for all of the veterans who served in the great world war i. i met him in 2007 and this project has been going on now for five years. to try to get approval to build this memorial for all veterans of the world war i on the mall. almost as long as the war took. and so he came to washington, d.c. a few years ago, this is a picture of him that was taken recently before he died at the age of 110 at the d.c. memorial thope mall. what that is is a monument and memorial to all the veterans from the district of columbia that served in world war i. and
when he was in the philippines, the japanese invaded in world war ii. he was captured and put in a prisoner of war camp for three and a half years. he was about to be executed and the americans came and liberated the camp and he along with the other prisoners of war came back to america. frank buckles went back to west virginia where he worked his farm and drove the tractor until he was 107, madam speaker. it was his decision and his life's goal that he would be instrumental in helping build a...
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Dec 5, 2012
12/12
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the president was going to one of these economic things in philippines and india. someone calls baker. he says, jim, the president is going to love this bill. he is going to love it. "just tell him to shut up. his friends are not going to get this bill. there want to get to him. don't say anything until you can fully brief him." that is the way it happened, and that was the past as a question of the process. >> that was the process in 1986. can that happen today? >> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. nots interesting we're fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the good hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton wa
the president was going to one of these economic things in philippines and india. someone calls baker. he says, jim, the president is going to love this bill. he is going to love it. "just tell him to shut up. his friends are not going to get this bill. there want to get to him. don't say anything until you can fully brief him." that is the way it happened, and that was the past as a question of the process. >> that was the process in 1986. can that happen today? >> it...
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Dec 31, 2012
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when americans liberated the philippines. after the war he moved to west virginia and worked on the farm until he was 106 driving the tractor. frank buckles, the last surviving doughboy, lived half of our nation's history. so today we have an opportunity to remember frank buckles, these doughboys, other doughboys, and all those great americans who fought for america 100 years ago . the bill steashes a commission to commemorate the centennial of world war i. the commission will plan programs and activities to commemorate the 100th anniversary of that great war. time is short. the centennial for the start of world war 1 is in 2014 and many of our allies have already started planning different events. it must be noted that no federal funds will be spent for this commission. they have to raise their own money from private funds. madam speaker, in the last century there were four great wars for americans to participate in. we have built memorials on the mall for all of them except one. we built a memorial for the vietnam veterans.
when americans liberated the philippines. after the war he moved to west virginia and worked on the farm until he was 106 driving the tractor. frank buckles, the last surviving doughboy, lived half of our nation's history. so today we have an opportunity to remember frank buckles, these doughboys, other doughboys, and all those great americans who fought for america 100 years ago . the bill steashes a commission to commemorate the centennial of world war i. the commission will plan programs and...
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Dec 23, 2012
12/12
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we worked together on the recognition of philippine know veterans and he thanked me for my interest and working with him on an interest so dear to his heart. these are just a few stories. i know there are thousands more to be told. but the real story was this was a man who sacrificed for his country. but ultimately because of a kind heart and loyally to the ideals we process as americans, he became one of the most important yet humble leaders in the united states senate. senator inouye reminded us what it means to be an american hero, a war hero who carried the burden of his service with him all of his life. his courage, his patriotism, his respect for the values he fought for formed his views in this chamber. we are saddened today with the passing of one of the most respected and icon i can lead e a hero a voice for reason and common sense when reason rationalty and common sense was too often in short supply. he will be missed by all of us who had the privilege to serve with him but by a nation who needs more leaders like him. all of us remember his lasting influence, his way of making
we worked together on the recognition of philippine know veterans and he thanked me for my interest and working with him on an interest so dear to his heart. these are just a few stories. i know there are thousands more to be told. but the real story was this was a man who sacrificed for his country. but ultimately because of a kind heart and loyally to the ideals we process as americans, he became one of the most important yet humble leaders in the united states senate. senator inouye reminded...
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Dec 4, 2012
12/12
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the president and treasury secretary baker were in japan and visited philippines and indonesia. so he calls baker and i'm assuming it's about 12 hours difference. he said jim, the president's going to love this bill. he said he's really going to love it. and there's pause and baker is talking. jim, just tell him to shut up. his friends are not going to like this bill and are going to want to get to him but the president is going to like it and don't say anything to him until we can brief him. that's the way the bill passed and that was the process. >> that was the process back in 1986. can that be the process today? feels like a different environment. >> sort of watching "lincoln." when politics worked. i don't know. we are in the middle of a political test of wills on marginal tax rates and funny we aren't fighting the underlying principle, wealthy people ought to pay more and get our economy back on track. right now the president thinks he was vindicated by his victory and wants republicans to give on marginal tax rates and they don't want to do that. but he has the whipped ha
the president and treasury secretary baker were in japan and visited philippines and indonesia. so he calls baker and i'm assuming it's about 12 hours difference. he said jim, the president's going to love this bill. he said he's really going to love it. and there's pause and baker is talking. jim, just tell him to shut up. his friends are not going to like this bill and are going to want to get to him but the president is going to like it and don't say anything to him until we can brief him....
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Dec 4, 2012
12/12
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the president was going to one of these economic things in philippines and india. darmin calls baker. he says, jim, the president is going to love this bill. he is gone to love it. just tell him to shut up. his friends are not gone to let this bill. there want to get to him. don't say anything until you can fully brief him. that is the way it happened, and that was the past as question of the process. >> that was the process in 1986. can that happen this day? >> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. it is interesting we're not fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was ru
the president was going to one of these economic things in philippines and india. darmin calls baker. he says, jim, the president is going to love this bill. he is gone to love it. just tell him to shut up. his friends are not gone to let this bill. there want to get to him. don't say anything until you can fully brief him. that is the way it happened, and that was the past as question of the process. >> that was the process in 1986. can that happen this day? >> it feels like a...